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Interview with Valerie Kay, the LendingClub exec redefining the marketplace lender - Business Insider

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A turnaround for LendingClub hinges on repackaging consumer loans to win back big investors, and we talked to the former Morgan Stanley exec driving the effort

In 2014, before she joined LendingClub, Kay took on a senior relationship management role at Morgan Stanley. After leading the structured asset finance group, which included mortgage-backed securities, through the financial crisis, K"You always have peaks and valleys in your professional life. I was kind of hitting a valley," said Kay. "I just felt like I wasn't learning as much and I wasn't contributing as much as I could to the firm.

"What I also learned is that I like running businesses and I'm great at building relationships, but sales is just not for me. I missed running the business. I missed being accountable to revenue," said Kay. Kay said the financial crisis was one of the most challenging times in her career, especially because of her role leading the securitization group.

"We had lots of management change, a lot of negative press. There was a sense of humility, and wanting to make this better," said Kay.

 

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